Dollar Extends Advance to Second Day as Metals Drop, Oil Sinks

The dollar gained, rounding out its biggest two-day rally since April, as precious metals extended their slump and as US manufacturing data came in unexpectedly strong.

The world’s primary reserve currency rose against all of its major peers Monday, and a Bloomberg dollar gauge appreciated about 1.2% over the past two sessions. That’s the most since the aftermath of President Donald Trump’s rollout of sweeping tariffs 10 months ago roiled markets.